The LatAm Investor describes a growing opportunity in Brazil’s Solar Industry, and highlights what is yet to come for the companies working in this area.
From the article –
“Brazil is certainly well-placed to heap the benefits of falling costs of solar power globally. Large swathes of its territory are relatively close to the equator, which means that solar radiation is both intense and frequent throughout the year, with limited seasonal variability. The average annual irradiation for Brazil varies between 1,200 and 2,400 kWh per sq metre per year, a range significantly higher than most European countries such as Germany (900 – 1,250) and France (900 and 1,650). The northeast region is considered the area of greatest potential.”
“The government’s favourable approach to renewables is not limited to solar power and public officials expect to repeat the success achieved in fostering the wind industry. A series of technology-specific auctions have created a local supply chain, driving down costs and making wind power one of the most competitive sources in the country. The total level of wind power contracted through 2014 was 2.5 GW, the fourth largest expansion globally behind China, United States and Germany. A competitive bidding system, 20-year contracts, favourable resource endowment and the availability of subsidised loans via the BNDES were among the ingredients of wind power’s success story in Brazil—all of which are now being replicated for the solar industry.”
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